• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Tyre Tests
  • Search
  • Menu
You are here: Home1 / results

Posts

Goodyear to cut 5% of salaried staff globally, $80 million 4Q loss expected in EMEA

Company News, International News
Goodyear

Goodyear Tire & Rubber Company is planning “rationalization and workforce reorganization” actions that would result in a 5 per cent reduction in salaried staff globally, or about 500 positions. According to executives, the move has been prompted by the “challenging industry environment and cost pressure driven by inflation.” However it is also attributed to weaker-than-expected fourth-quarter results:

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Integration on-track: Goodyear reports 16% growth plus greater synergies from Cooper Tire acquisition
  2. Price mix contributed more to Goodyear EMEA 3Q figures than Cooper Tire sales
  3. Cooper Tire joins the Goodyear team
  4. Goodyear reports 42% net sales increase in 2021, EMEA back in black
27th January 2023/0 Comments/by Chris

Sumitomo Rubber Industries sales and profits down, but supported by tyre business

Company News, International News
Source: Sumitomo Rubber Industries

Sumitomo Rubber Industries, which is active in Europe with its Falken brand, has published third-quarter results which show that group-wide sales fell by 16.1 per cent in the first nine months of the current year, while at the same time earnings evaporated to only a third of the previous year’s figure.

Read more

Related news:

  1. SRI breaks ground in Slovenia
  2. Sumitomo Rubber using AI to increase whole-life tyre performance
  3. Sumitomo Rubber Industries temporarily shuts South Africa tyre plant
  4. Pirelli reports 20% 1Q sales decline
6th November 2020/by Chris

Toyo Tire net sales down 9.8% in Q1

Company News, International News
Toyo Q1 2020 financials Toyo

In the first quarter of 2020 Toyo Tire Corporation reported net sales of 82,094 million yen a decrease of 8,049 million yen (-9.8 per cent) compared with the first quarter of 2019. Its operating income for the quarter was 6,936 million compared to 10,174 million yen (-31.87%) in the first quarter of 2019.

Read more

Related news:

  1. Toyo issues post-earthquake statement
  2. Toyo sells half its Bridgestone shares
  3. Conti Completes Bookbuilding of New Shares
  4. Toyo Tires’ tyre business improves in H1 2018, results muted by ‘dampner scandal’
18th May 2020/by Chris

Growth in mature markets drives up Michelin’s H1 results

Company News

Michelin reports a year-on-year rise in its net sales, operating income and net income in the first half of 2015. Net sales rose 8.5 per cent to €10.5 billion in the six months to 30 June 2015. Operating income increased 8.9 per cent to €1.3 billion, while operating margin remained constant at 12.0 per cent. At €707 million, net income was up 13.3 per cent year-on-year.

Read more

Related news:

  1. Michelin profits down, volumes stable – “more assertive” distribution planned for 2015
  2. Michelin delivers “strong business performance” in H1 2016
  3. Michelin reports 6% rise in net income for H1 2018
  4. Michelin sales up 9.3% in Q1 2019
28th July 2015/1 Comment/by Tyrepress Editors

Pirelli Q1 results show European recovery, premium growth

Company News

Pirelli says its first quarter 2014 performance reflects the recovery in demand within Europe that was first witnessed in the final quarter of last year along with the good health of the premium segment, where the Italian tyre maker is focused. The company also points out the positive performance of its business in Russia, where revenues bucked market treads to increase 5.4 per cent (excluding exchange rate effects) and profitability stood at “high single digit levels.”

Read more

Related news:

  1. Pirelli tops tyre sector in sustainability index for 7th year
  2. Pirelli reschedules 2013 results review meeting
  3. November European market volumes dent year to date curve
  4. Analysts ‘concerned’ about reduced Pirelli outlook
8th May 2014/by Tyrepress Editors

Continental lifts 2014 EBIT outlook

Company News

After what it says was “a successful start to the new year,” Continental Corporation has raised its adjusted EBIT outlook. “For fiscal 2014 we intend to comfortably achieve an adjusted EBIT margin of 10.5 per cent instead of the originally advised 10.0 per cent,” announced Continental CEO Dr. Elmar Degenhart at last Friday’s Annual Shareholders’ Meeting.

Read more

Related news:

  1. Continental: €44 billion in sales, 10.8% EBIT margin in 2017
  2. Continental discussing ‘need for action’ with employee representatives
  3. Continental withdraws outlook for ‘uncertain’ 2020
  4. Continental CEO Degenhart resigns
28th April 2014/by Tyrepress Editors

Analysts: Michelin 1Q figures below consensus

Company News

Following the publication of Michelin’s first quarter 2014 revenues, which show a 2.4 per cent drop in group sales, market analysts have responded by pointing out that the 4.758 billion euro figure fell just short of the 4.765 billion euro average of expectations. Nevertheless Michelin has held to its 2014 objectives including increasing volumes 3 per cent; increasing operating income before non-recurring items; and achieving structural free cash flow of greater 500 million euros along with capital expenditure of 2 billion euros.

Read more

Related news:

  1. Michelin FY2013 net profits down 28 per cent…
  2. Cooper Tire Counts Cost of Production Halt
  3. Analysts: Michelin H1 Results “Good”
  4. Nokian Confirms Lay-Offs
25th April 2014/by Tyrepress Editors

ITMA tyre test partner Tread expands development capability

Company News, UK News

ITMA technical partner, Tread Ltd, reports that it has invested in expanding the services available to members. The company’s permanent test fleet now includes a magazine standard VW Polo to sit alongside its existing VW Golf, meaning that test and development of all standard tyre sizes is even easier.

Read more

Related news:

  1. Bridgestone Gets Adrenalin Pumping in Australian Tyre Test
  2. Bridgestone Named as Which? Best Buys
  3. Which? Presents Continental with Best Tyre Brand Accolade
  4. Kumho adds KL21 to its 4×4 range
15th April 2014/by Tyrepress Editors

Nexen achieves “promising results” in 2014 J.D. Power OE tyre study

Product News, UK News

In the recent J.D Power 2014 Original Equipment Tire Customer Satisfaction Study, Nexen Tire attained what the Korean tyre manufacturer described as “promising results” for the second consecutive year.

Read more

Related news:

  1. Michelin Ranked Highest in Satisfaction Survey
  2. OK Tire Ranks Tops with J.D. Power
  3. Nexen fourth in JD Power OE tyre customer survey
  4. Nexen ranked fourth in JD Power survey
9th April 2014/by Tyrepress Editors

LSW sizes added to Titan OTR range

Product News

Titan has expanded its OTR product range with new Low Sidewall (LSW) options for light, medium and heavy-duty equipment. These tyres, with their larger rim diameter and smaller sidewall than standard tyres, offer improved equipment stability and performance.

Read more

Related news:

  1. Titan Releases Q4 Figures
  2. Kirkby Tyres invests in shot blaster to process large wheels
  3. Titan Sales Hit Record, Loss Still Posted
  4. Titan Delivers First Production 63-inch Tyre and Wheel Assemblies
14th March 2014/by Tyrepress Editors

Road lines don’t come up to the mark

UK News

Half of all road markings on England’s highways are so worn that they need replacing immediately or need to be scheduled for replacement now, according to a survey of nearly 4,000km of the country’s roads. LifeLines England, a report based on the survey carried out by the Road Safety Markings Association, and published today (13 March), found that 52 per cent of markings on motorways, 42 per cent on dual carriageways, and 48 per cent on single carriageways all need replacing immediately or need to be scheduled for replacement now. The survey, the most comprehensive published of its kind, also shows that just 16 per cent of markings on England’s motorways and 13 per cent on single carriageways make the “excellent” grade.

Read more

Related news:

  1. On your marks…
  2. Fulda Launches 4×4 Road Range
  3. Pessimistic Outlook for US Equipment Aftermarket
  4. Energy Savings at Pirelli’s Carlisle Plant Following Inspection
14th March 2014/by Tyrepress Editors

Stamford profits hammered in Q3

Company News

Newly-published third quarter results show a Stamford Tyres experienced slight decline in turnover and a marked year-on-year drop in profits during the period. In the three months ending 31 January 2014, the Singapore-based company’s revenues decreased 2.94 per cent in the quarter to S$71.7 million (£34.0 million). Gross profit was down 2.35 per cent to $16.6 million (£7.9 million). Net profit fell 62.66 per cent to S$838,000 (£397,560).

Read more

Related news:

  1. Revenues down, profits up at Stamford Tyres
  2. Stamford Quarter Sales and Profits Up
  3. Delticom Raises 2010 Forecast
  4. Titan to reduce employee headcount following disappointing Q1 performance
12th March 2014/by Tyrepress Editors

February marks two years of growth in UK car sales

Market Info, UK News

February new car registrations rose 3.0 per cent to 68,736 units; this means that the UK new car market has achieved 24 consecutive months of growth, increasing 17.4 per cent over the period. The SMMT suggests that rising GDP and growing car registrations signal increasing consumer confidence and automotive retailers are looking forward to March results as expectations rise for a strong 14-plate performance.

Read more

Related news:

  1. 30th consecutive month of growth in UK car registrations – SMMT
  2. SMMT urges government to back new-tech diesel following market decline, uncertainty
  3. UK new car market down a third as tentative restart reveals subdued demand
  4. UK now biggest EU market for Korean car brands – SMMT
10th March 2014/by Andrew

New generation Starco Flex gains first OEM approval

Product News

The 2006 launch of Starco’s Flex Pro –known simply as the ‘Flex’ back then – heralded a step forward in puncture-free tyre technology for manual applications such as wheelbarrows, and this was followed up by the Flex Lite combined tyre-wheel unit in 2011. Now the Danish company has introduced its third-generation Flex product, the Flex iCore.

Read more

Related news:

  1. New Touchless Alloy Wheel Measuring Machine
  2. Web Upgrade for Bestbuytyres
  3. Wheelwright launches Dotz ‘Fast Seven’ rim
  4. Chicago Pneumatic Increases Socket Range
7th March 2014/by Tyrepress Editors

Long awaited Cooper 2013 3Q report reveals Apollo, Chengshan damage

Company News

Cooper Tire has released its 2013 third quarter financial report, carrying with it the scars of the failed Apollo Tyre deal and the linked issues with the Cooper Chengshan (Shandong) Tire Company (CCT) joint venture. Cooper could not report before now as a result of unrest and lack of cooperation at CCT’s Rongcheng facility in reaction to Apollo’s attempted acquisition. The company said that it will produce Q4 and full 2013 financial reports later in March.

Read more

Related news:

  1. Cooper lawsuit to go ahead
  2. Cooper not yet ready to resume financial reporting
  3. Today is ‘D-Day’ for Cooper/Apollo deal
  4. No ‘buyer’s remorse’ – court rules Apollo not in breach of agreement
3rd March 2014/by Andrew
Page 1 of 51123›»

Popular Articles Today

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Scroll to top